The company said its fiscal 2024 Q3 (ended March 31, 2024) revenue rose 7% from a year earlier to $5.3 billion, and net earnings rose 14% to $1.2 billion. Diluted earnings per share were $2.88.

1. 01

   The company said its fiscal 2024 Q3 (ended March 31, 2024) revenue rose 7% from a year earlier to $5.3 billion, and net earnings rose 14% to $1.2 billion. Diluted earnings per share were $2.88.

2. 02

   ADP said adjusted EBIT for Q3 rose 12% from a year earlier to $1.5 billion, and the adjusted EBIT margin rose 140 basis points to 29.3%. Adjusted EBIT is a non-GAAP measure.

3. 03

   The company said Employer Services revenue rose 8% and PEO Services revenue rose 5% in Q3. It said segment margin rose 230 basis points at Employer Services and fell 220 basis points at PEO Services.

4. 04

   For fiscal 2024, the company outlined annual revenue growth of 6% to 7% and an adjusted EBIT margin expansion of 60 to 70 basis points. It said the Employer Services margin outlook changed from 150 to 160 basis points previously to 180 to 190 basis points.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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